Local manufacturing will allow the company to benefit from duty differential, rather than paying up about 11% more for importing them.
The Canvas 6 will have a finger print scanner, full metal body combined with great front and rear camera, besides a 3GB RAM.
The rapid reduction in handset prices is being accompanied by speedy 4G rollouts by market leader Airtel, followed by rivals Vodafone and Idea.
Apple has also offered its existing phones - iPhone 6 and iPhone 6S - on similar leasing plans for two years at Rs 1,199 and Rs 1,399 a month, respectively.
Brands such as Oppo, Vivo, Lava, Micromax and LYF, in addition to advertising during the T20 league matches are also sponsors of six of the eight teams.
While the VR headset is available only with these devices, Karbonn plans to launch these as a separate standalone product soon.
The new payments bank will help the fourth largest private sector bank by assets to break new grounds among the unbanked and expand its reach in the huge rural market.
The Huawei watch, powered by Android Wear that supports iOS and Android, enables all the time connectivity, while providing instant alerts.
"Bringing him on board, strengthens our resolve to offer trusted and reliable products & services to all our consumers at all times,” Solomon Wheeler said.
Micromax aims to have 15 million customers doing cashless transactions on its mobile wallet – Udio – within this year.
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